Jobs report drives bond yields higher; stocks edge up

This Oct. 8. 2014, photo shows a Wall Street address on the side of a building in New York. A strong jobs report knocked U.S. government bond and stock prices down as investors bet that the Federal Reserve could raise interest rates later this year. Photo Credit: AP

News of a burst of hiring last month sent bond prices down as investors bet that the Federal Reserve could raise interest rates later this year. Stocks edged mostly lower.

In Europe, markets were rattled Friday by Greece's decision to bundle together its upcoming payments to the International Monetary Fund. That heightened concerns that the country could default on its debts and drop the euro.

The Dow Jones industrial average fell 56 points, or 0.3 percent, to 17,849.

The Standard & Poor's 500 index lost three points, or 0.1 percent, to 2,092. The Nasdaq edged up nine points, or 0.2 percent, to 5,068.